Foreign Exchange and Economic Development: An Empirical Study of Selected Latin American Countries

Massell, Benton F.; Pearson, Scott R.; Fitch, J. B.

doi:10.2307/1926287

Cited by 35 publications

(13 citation statements)

References 1 publication

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“…In a recent study, Ismail and Ahmed (2015) agreed with the other research such as Massell et al (1972), Voivodas (1973, Michaely (1977), Tyler (1981), Salvatore (1983), Sachs and Warner (1995) and Hassan (2007), that an increase in the GDP per capita is caused by the liberalization of the international trade and by the growth in the FDI. The GDP per capita has a mean of 7.311792% with minimum mean of 5.786268% and a maximum mean of 8.997254%.…”

Section: Gross Domestic Product Per Capitamentioning

confidence: 56%

Tax evasion: Empirical evidence from sub-Saharan Africa

Aumeerun¹,

Jugurnath²,

Soondrum³

2016

J. Account. Taxation

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Tax is the income which is paid to the government in order to fulfill the need of the public. However tax evasion is the act of not paying the tax by use of illegal ways. Allingham and Sandmo being the first researchers studying the tax evasion found a relationship of tax evasion with low penalty fees and a low detection. The tax evasion basically is affected by various factors but it also affects many economic factors. Sub Saharan Africa being a developing region is facing the phenomenon of tax evasion in a crucial way. This study measures the impact of the tax evasion on the Gross Domestic Product (GDP) per capita of Sub Saharan Africa. The relationship between the GDP per capita and tax evasion is tested using the generalized least squared whereby it is found that there is a positive impact of tax evasion on the GDP per capita however the p-value states that the tax evasion is insignificant and is not an important component for the determination of the GDP per capita. Moreover in the presence of tax evasion, this study shows that GDP per capita has also a negative relationship with the Foreign Direct Investment (FDI), positive relationship the Gross Domestic Fixed Capital Formation (GDFCF), a favorable connection with the export, a negative relationship with the import, a positive impact on the inflation and a negative relationship with the government expenditure. To fight against tax evasion for the economic benefit of Sub Saharan Africa, it is advised to review the tax system, to implement strict and severe penalties and very high fines for tax evaders. Moreover, the tax authorities of Sub Saharan Africa need to appoint more experts in auditing department to be able to detect the non-compliance tax payers easily and rapidly

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Section: Gross Domestic Product Per Capitamentioning

confidence: 56%

Tax evasion: Empirical evidence from sub-Saharan Africa

Aumeerun¹,

Jugurnath²,

Soondrum³

2016

J. Account. Taxation

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“…As a result, companies can through overseas expansion to pursue corporate behavior strategic for the development of symbiosis between the two countries of the host country and home country investment in following manner. There is no effect relationship in result of the theory [5]- [8]. On the other hand, aid has a positive impact in attracting FDI [9]- [12].…”

Section: Foreign Direct Investment Through Official Development Asmentioning

confidence: 85%

A Study on the Determinants of FDI from Korea: Does ODA Attract FDI?

Park¹

2014

IJTEF

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Abstract-The purpose of this study is to analyze the determinants of Foreign Direct Investment in countries. An attraction of FDI makes job creation, economic revitalization and the transfer of advanced technology to the country. It would be the base of development that affects macro-economics. In other words, that can be seen as a direct economic growth driver. In order to attract investment, the countries compete each other strategically. There are a lot of researches which has been carried out for FDI. However, this study was conducted due to the insufficiency of the research about ODA and governance factors regarding the relationship of the FDI. For this study, I employed the fixed-effected model and random-effected model based on panel data for countries. In this study, diverse variables such as economic variables, policy variables and governance variables were employed. The findings from this study show that most of variables such as governance, political factor and economic factor have consistent signs with significancy. ODA variables have a impact on FDI. IndexTerms-Foreign direct investment, official development assistance, governance, Korea, panel analysis.

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“…Siguiendo los planteamientos de Harrod antes aludidos, se suponía que la ayuda incidía sobre el ahorro y la capacidad inversora de la economía y, a través de ella, sobre el crecimiento agregado. En una buena parte de los ejercicios de regresión realizados, todos ellos basados en ejercicios cross-country, el coeficiente que se obtiene para la ayuda es negativo, lo que quiere decir que desplaza, al menos parcialmente, la capacidad de ahorro, tal como Griffin suponía (Ahmed, 1971;Gupta, 1970Gupta, y 1975Gupta e Islam, 1983;Massell et al, 1972;Papaneck, 1973;Singh, 1985;o Weisskopf, 1972). Ahora bien, el grado en que se produzca la fungibilidad es crucial para saber el efecto final de la ayuda.…”

Section: Las Estimaciones Realizadas Por Rosenstein-rodan (1961) O MIunclassified

“…Adicionalmente, se produce un cambio en la orientación de los estudios, más centralmente orientados a investigar la relación directa entre ayuda e inversión (Massell et al, 1972;Heller, 1975;Haveli (1976); Levy, 1987Levy, y 1988Khan y Hoshino, 1992;Feyzioglu et al, 1998) o, en su caso, los niveles de fungibilidad. No parece, sin embargo, que estos propósitos fueran debidamente alcanzados a través de esta vía.…”

Section: Las Estimaciones Realizadas Por Rosenstein-rodan (1961) O MIunclassified

Eficacia Agregada De La Ayuda: Incidencia Sobre El Crecimiento Del Receptor/ Macroeconomic Effectiveness of Aid: Impact on Recipient´s Economic Growth

Alonso

2014

Revista De Evaluación De Programas Y Políticas Públicas

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Revista de Evaluación de Programas y Políticas ResumenEl articulo pasa revista a la literatura especializada en la eficacia agregada de la ayuda. En concreto, considera lo estudios orientados a determinar el efecto agregado que la ayuda internacional tiene sobre el crecimiento económico del receptor. En el análisis se considera tanto el enfoque y los procedimientos estadísticos utilizados por los estudios como los resultados a los que acceden, deteniéndose muy especialmente en los trabajos elaborados en la última década. Finalmente, se presenta una posible justificación del limitado balance que emana de esta literatura y se sugieren algunas de sus más compartidas conclusiones que, si bien limitadas, debieran ser tomadas en cuenta por los gestores de la ayuda.Palabras Clave: Eficacia de la ayuda; impacto macro de la ayuda; crecimiento económico; convergencia económica. Abstract:The article reviews the specialized literature on macroeconomic aid effectiveness.More precisely, it considers those studies focused on measuring the effect that international aid has on the recipient countries´ economic growth. The analysis takes into account the approach and the statistic procedures applied by the most influential studies as well as the main results that they reach. The review pays close attention to those works published in the last decade. Causes of the few conclusive results of this literature are discussed and the article tries to underline those conclusions that raise wider consensus. These conclusions should be taken into account by policy makers.

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Foreign Exchange and Economic Development: An Empirical Study of Selected Latin American Countries

Cited by 35 publications

References 1 publication

Tax evasion: Empirical evidence from sub-Saharan Africa

Tax evasion: Empirical evidence from sub-Saharan Africa

A Study on the Determinants of FDI from Korea: Does ODA Attract FDI?

Eficacia Agregada De La Ayuda: Incidencia Sobre El Crecimiento Del Receptor/ Macroeconomic Effectiveness of Aid: Impact on Recipient´s Economic Growth

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